Eastern Asia: Liquorice Products Market 2020

Liquorice Products Market Size in Eastern Asia

The revenue of the liquorice products market in Eastern Asia amounted to $X in 2017, going down by -X% against the previous year. The liquorice products consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the liquorice products market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Liquorice Products Production in Eastern Asia

In 2017, approx. X tons of liquorice cakes, blocks, sticks and pastilles were produced in Eastern Asia; approximately mirroring the previous year. The liquorice products production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012, when it surged by X% against the previous year. The volume of liquorice products production peaked in 2017, and is expected to retain its growth in the near future.

Liquorice Products Exports in Eastern Asia

In 2017, approx. X tons of liquorice cakes, blocks, sticks and pastilles were exported in Eastern Asia; growing by X% against the previous year. The total exports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the liquorice products exports increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. The volume of exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, liquorice products exports amounted to $X in 2017. The liquorice products exports continue to indicate a strong increase. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Liquorice Products Exports by Country in Eastern Asia

In 2017, China (X tons) was the major exporter for liquorice cakes, blocks, sticks and pastilles, mixed up X% of total exports. South Korea (X tons) ranks second in terms of the global exports with a X% share, followed by Japan (X%). China, Hong Kong SAR (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

China was also the fastest growing in terms of the liquorice cakes, blocks, sticks and pastilles exports, with a CAGR of +X% from 2007 to 2017. At the same time, Japan (+X%), South Korea (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China, Hong Kong SAR (X%) increased significantly in terms of the global exports from 2007-2017, the share of Japan (-X%), South Korea (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest liquorice products supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

Liquorice Products Export Prices by Country in Eastern Asia

In 2017, the liquorice products export price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. Over the period under review, the export prices for liquorice cakes, blocks, sticks and pastilles reached its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China, Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Liquorice Products Imports in Eastern Asia

In 2017, approx. X tons of liquorice cakes, blocks, sticks and pastilles were imported in Eastern Asia; remaining relatively unchanged against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, liquorice products imports totaled $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the liquorice products imports increased by +X% against 2007 indices. The level of imports peaked in 2017, and are likely to see steady growth in the near future.

Liquorice Products Imports by Country in Eastern Asia

China (X tons), South Korea (X tons) and China, Hong Kong SAR (X tons) represented roughly X% of total imports of liquorice cakes, blocks, sticks and pastilles in 2017. It was distantly followed by Japan (X tons) and Taiwan, Chinese (X tons), together constituting X% share of total imports. China, Macao SAR (X tons) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest liquorice products markets worldwide were South Korea ($X), China, Hong Kong SAR ($X) and China ($X), together accounting for X% of total imports.

In terms of the main importing countries , China (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Liquorice Products Import Prices by Country in Eastern Asia

The liquorice products import price in Eastern Asia stood at $X per ton in 2017, coming up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the import prices for liquorice cakes, blocks, sticks and pastilles attained its maximum level in 2017, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was China, Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Macao SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform